CLAIM #23280 · EXC (EXC) · 2023Q2 earnings call · Aug 2, 2023 · due Dec 31, 2025
“In line with the last earnings call, there has been no change in our guidance to issue $425 million of equity at the holding company by ‘25.”
Jeanne Jones · CFO
In context
“eing at 100 basis points or the lower end of that range. We continue to await specific guidance on the corporate alternative minimum tax implementation and are hopeful to have resolution by year-end. In the meantime, the Department of Treasury issued a notice granting deferral of estimated tax payments associated with the corporate alternative minimum tax until 2024, which points to the appreciation that more guidance is required for implementation. From a financing perspective, we successfully raised nearly $1.3 billion for BGE and PECO in the second quarter, which completes all of our planned debt financing needs for 2023. The strong investor demand we continue to see for our debt offerings is supported by the strength of our balance sheet and by the low-risk attributes of our platform. In line with the last earnings call, there has been no change in our guidance to issue $425 million of equity at the holding company by ‘25. We will continue to update you as we make progress on the plan. Thank you. And I’ll now turn the call back to Calvin for his closing remarks. Calvin Butler: Thank you, Jeanne. I will once again remind the investment community of what we’re working to accomplish in 2023. We take great pride in our operational excellence, which our employees dedicate themselves to daily. Summer is when we see some of the most severe weather activity, and our teams embrace the challenge to get customers back online quickly and safely. As we proceed with our work of supporting the energy transformation in our ongoing rate cases, we are very focused on listening to our stakeholders. We want to ensure that we are delivering the right investment plans and the right services to support meeting their energy transf”
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SEC filings for EXC ↗ · Claim quote is verbatim from the 2023Q2 earnings call.